Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) Short Interest Down 44.0% in July

Southern Michigan Bancorp Inc. (OTCMKTS:SOMC) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 126 shares, a decrease of 44.0% from the July 15th total of 225 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 532 shares, the short-interest ratio is currently 0.2 days.

Southern Michigan Bancorp Stock Down 0.8%

Shares of SOMC traded down $0.26 during trading hours on Monday, reaching $31.49. 500 shares of the stock traded hands, compared to its average volume of 1,801. Southern Michigan Bancorp has a 52 week low of $22.00 and a 52 week high of $32.00. The company has a market cap of $146.43 million, a price-to-earnings ratio of 11.93 and a beta of 0.20. The stock has a fifty day simple moving average of $31.38 and a 200 day simple moving average of $28.23. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.08.

Southern Michigan Bancorp (OTCMKTS:SOMC) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter. The business had revenue of $16.19 million during the quarter. Southern Michigan Bancorp had a net margin of 12.60% and a return on equity of 10.21%.

Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc is the bank holding company for Southern Michigan Bank & Trust Company, a community-focused financial institution headquartered in Coldwater, Michigan. SOMC provides a broad range of banking services to individuals, families and local businesses, with an emphasis on personalized service and local decision-making.

The company’s primary business activities include commercial lending, real estate financing, agricultural loans and consumer banking solutions. Its lending portfolio serves small- and mid-sized businesses, residential and commercial real estate projects, and agricultural enterprises.